(Reuters) – Russia may suspend exports of wheat, barley, maize (corn) and rye starting from Tuesday until June 30, the Interfax news agency reported on Monday, citing the agriculture ministry. Russia is the world’s largest wheat exporter with Egypt and Turkey among the main buyers. It competes mainly with the European Union and Ukraine. “The…
(Reuters) -The latest on Russia’s oligarchs and their assets: ALISHER USMANOV Alisher Usmanov, 68, metals and telecoms tycoon with an estimated $16.2 billion net worth has been sanctioned by the United States and European Union Seized: – A villa in Golfo del Pevero, on the island of Sardinia, worth approximately $19 million was seized by…
By Bozorgmehr Sharafedin LONDON (Reuters) -Oil prices fell around $7 a barrel on Monday as investors pinned hopes on diplomatic efforts between Ukraine and Russia to end their conflict, while a surge in COVID-19 cases in China spooked the markets. Brent was down by $6.78, or 6%, at $105.89 a barrel at 1358 GMT and…
By Amal S (Reuters) – Canada’s commodity-heavy main stock index fell on Monday, extending prior session’s losses, weighed down by weakness in energy and mining shares as commodities slumped on hopes for progress in Ukraine-Russia peace talks. At 9:39 a.m. ET (13:39 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 131.59 points, or…
By Christoph Steitz FRANKFURT (Reuters) – U.S. carmaker Ford on Monday unveiled plans for seven new electric models in Europe, a battery-assembly site in Germany and a nickel cell manufacturing joint venture in Turkey as part of a major electric vehicle (EV) push on the continent. “Our march toward an all-electric future is an absolute…
MILAN (Reuters) – Italian energy group Eni has agreed to sell a 49% stake in power generation unit Enipower to U.S. investment firm Sixth Street Partners to help fund its shift to cleaner businesses. In a statement on Monday Eni said it would keep operational control of the unit and would continue to consolidate it…
(Reuters) -Tesla Inc Chief Executive Officer Elon Musk said the U.S. electric carmaker and his rocket company SpaceX are facing significant inflationary pressure in raw materials and logistics. Musk in a tweet on Sunday also asked about inflation rate outlook and said his companies “are not alone”, retweeting an article saying the Ukraine-Russia conflict sent…
(Reuters) – Tencent Holdings Ltd is facing a potential fine, which could be at least hundreds of millions of yuan, for violating some central bank regulations on its WeChat Pay mobile network, the Wall Street Journal reported on Monday, citing people familiar with the matter. Financial regulators recently found that WeChat Pay had broken China’s…
FRANKFURT (Reuters) -Airlines cancelled hundreds of flights to and from German airports on Monday as security workers across the country went on strike amid a wage dispute. Security workers are staging a full-day walkout at airports including Duesseldorf, Cologne/Bonn and Berlin on Monday, and further strikes have been called for Tuesday, among others in Frankfurt…
By Francesco Guarascio and Gabriela Baczynska BRUSSELS (Reuters) – Top European Union diplomats have agreed to add Chelsea football club owner Roman Abramovich to the EU list of Russian billionaires sanctioned after Moscow’s invasion of Ukraine, two diplomatic sources said on Monday. The informal greenlight to Abramovich’s listing came in a meeting on Sunday, one…
